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Sep 6, 2017 · In 1917-1918 money supply (M1) increased faster than price levels, while the GDP decreased. This would be explainable if the government strictly limited trade and prices, which it was unable to do. Thus, the absorption of the increased money supply reflects substantial black markets.
The guilder (Dutch: gulden, pronounced [ˈɣʏldə(n)] ⓘ) or florin was the currency of the Netherlands from 1434 until 2002, when it was replaced by the euro. The Dutch name gulden was a Middle Dutch adjective meaning "golden", [1] and reflects the fact that, when first introduced in 1434, its value was about equal to (i.e., it was on par ...
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Abstract. Our study of the day-to-day management of monetary policy in the Netherlands between 1925 and 1936 reveals that policy leaders and central bankers were both willing and able to deviate from the monetary policy paths set by other countries, all while remaining firmly within the gold bloc.
Jan 10, 2016 · To answer these questions the Historical Currency Converter uses a short-cut, by comparing the worth of various sums in various currencies in their purchasing power of Swedish consumer goods and the pay of workers in Sweden. Provided a country's purchasing power parity does not change much compared to Sweden, this should give a reasonable ...
The “Pacification,” as the compromise was called, was adopted in 1917 and put into effect after the return of peace. The war years saw almost all political controversies set aside, while the government took unprecedented action in maintaining trade and guiding economic life.
The evolution of the international political culture in the years 1880-1940 and the reception by the Netherlands], Amsterdam 2005, pp. 96-97; Moeyes, Paul: Buiten schot. Nederland tijdens de Eerste Wereldoorlog 1914-1918 [Out of range. The Netherlands during the First World War 1914-1918], Amsterdam 2001, p. 237.
As economic forecasts worsened and crops failed in 1917 and 1918, the Netherlands faced the prospect of famine for the first time in centuries.
